Bank reconciliation audit observation reply

Saud Uz Zaman (DM)     15 February 2019

Saud Uz Zaman
 21 points

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Dear Sir

I'm a job holder. Recently our internal audit give me observation on bank reconciliation. Thay says ' Monthly Bank Reconciliation not done and some outstanding cheques not yet adjusted'. But I do it monthly and about outstanding cheques, you know it's depend on management decisions. What should be my reply. Here i attached the report. 

Attached File : 2709225 20190215120251 management report bank.pdf downloaded: 35 times

V P Narasimhan (Accounts Manager)     25 September 2019

V P Narasimhan
Accounts Manager 
 46 likes  758 points

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A cheque will become stale when to seizes it's validity period. The entry has to be reversed automatically.That's why it has been emphasized to mention the since realized date in the BRS.

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